Demand For Affordable Seattle Condos Is Insatiable

With that said, if you have been following the real estate market in Downtown Seattle you would know what I’m talking about. A new condo project took reservations this weekend. The project, named KODA is designed to target a affordable price point for buyers. According to our source, 95% of the entire project was reserved in the first weekend. Why? I’ll get into more of that below. Bottom line is, there is not enough inventory in Seattle.

What if I told you that New York (Manhattan specifically) had 469 condos for sale under $500,000? That Miami had 403 condos under $500,000. Would you believe me? What if I told you that Seattle, which is one of the best domestic markets in the entire country, had just 1 (one) condo priced under $500,000? Well, its true. I pulled the numbers yesterday for a post on the Seattle real estate market and I must say, I was not surprised.

Here are 10 Specific Reasons People Want To Buy A Seattle Condo:

Traffic Patterns – they continue to get worse. Buyers want first homes, a second home or in a lot of cases an investment property in Seattle.

A tax on foreign investment is driving buyers out of Vancouver BC and into the Seattle Real estate market (Lots of international buying and speculating)

My name is Jeff Reynolds and I’m a real estate broker with Windermere Real Estate. I’m the founder of UrbanCondoSpaces and I lead Seattle’s number one condo team. UCS is a blog specializing in Urban Living. Contact me to see homes for sale, to sell your condo or to simply learn more about the Seattle Real Estate market.

My name is Jeff Reynolds and I’m a real estate broker with Windermere Real Estate. I’m the founder of UrbanCondoSpaces and I lead Seattle’s number one condo team. UCS is a blog specializing in Urban Living. Contact me to see homes for sale, to sell your condo or to simply learn more about the Seattle Real Estate market.

About Jeff Reynolds

My name is Jeff Reynolds and I'm a real estate broker with Windermere Real Estate. I'm the founder of UrbanCondoSpaces and I lead Seattle's number one condo team. UCS is a blog specializing in Urban Living. Contact me to see homes for sale, to sell your condo or to simply learn more about the Seattle Real Estate market.